Data Analytics
Data analytics involves examining raw data to draw conclusions and uncover patterns, trends, or correlations. It helps businesses optimize operations, improve decision-making, and drive innovation. Key types of data analytics include:
- Descriptive Analytics: Analyzing historical data to understand what happened.
- Diagnostic Analytics: Investigating the reasons behind specific events.
- Predictive Analytics: Using historical data to predict future outcomes.
- Prescriptive Analytics: Recommending actions based on insights from data.
Business Intelligence
Business Intelligence involves technologies and practices that help businesses collect, analyze, and present data in meaningful ways, enabling better decision-making.
- BI Tools: Platforms like Power BI, Tableau, and Qlik that help visualize data.
- Reporting: BI reporting enables businesses to track and analyze performance with customized reports and dashboards.
- Data Governance: Ensuring data is accurate, consistent, and secure across an organization.
